Yes, I've witnessed a 'dilution' of so much traditional
Australian 'culture' over the years. The globalized-jargon, for example,
is pervasive, largely due to the influence of US movies, Tv, songs,
etc. But whoa, no, I'm not pushing this back away as if its some kind of bad thing.
About seven years ago here, the former Federal government called
for public, and media, debate/discussion to try to identify the unique
'features' of being an Australian. Such as 'what are our own traditions and values that make us different from other nationalities'. (what makes us, 'us')The then-government was at that time drafting a new oath of allegiance for intending-citizens, hence the
call for submissions.
As far as I know, despite a million or so opinions being expressed, nobody could
actually come-up with a coherent definition. In that case, well we are a vacuum, and
the globalization merely rushes-in to fill it, as in a natural process.
Sorry, but I don't think I've discussed the OP in quite the way, the economic
aspects, that was sought.
Calach, I'm not sure if Kev Rudd ('Lu Ke-wen')is employing his Mandarin-skills as much, in recent months.
His 'special relationship', with China, has been somewhat toned-down in the last 12 months, after a couple of incidents, as well as some pressure from the trade-unions for him to adhere to a more-protectionist stance.